-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R+lC+6GTzdAHbnKArz/VaOKsq0DDdXLyVOyY3VPbsTBURJ6VeaInTVYJMpdTsdlo nDdY3Au1LGTQFWs2pGw1Jg== /in/edgar/work/20000818/0000912057-00-038248/0000912057-00-038248.txt : 20000922 0000912057-00-038248.hdr.sgml : 20000922 ACCESSION NUMBER: 0000912057-00-038248 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000818 GROUP MEMBERS: SUNSHINE ACQUISITION INC GROUP MEMBERS: WORLDWIDE SPORTS AND RECREATION, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SERENGETI EYEWEAR INC CENTRAL INDEX KEY: 0000940183 STANDARD INDUSTRIAL CLASSIFICATION: [3851 ] IRS NUMBER: 112396918 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: SEC FILE NUMBER: 005-50407 FILM NUMBER: 705379 BUSINESS ADDRESS: STREET 1: 8125 25TH COURT E CITY: SARASOTA STATE: FL ZIP: 34243 BUSINESS PHONE: 9413593599 MAIL ADDRESS: STREET 1: 800 THIRD AVENUE CITY: NNEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: SOLAR MATES INC DATE OF NAME CHANGE: 19960530 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SUNSHINE ACQUISITION INC CENTRAL INDEX KEY: 0001079089 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 133948208 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: SFX ENTERTAINMENT INC STREET 2: 650 MADISON AVENUE 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128383100 SC TO-T/A 1 scto-ta.txt SC TO-T/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE TO/A TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3) ---------- SERENGETI EYEWEAR, INC. (Name of Subject Company (Issuer)) SUNSHINE ACQUISITION, INC. AND WORLDWIDE SPORTS AND RECREATION, INC. (OFFERORS) (Names of Filing Persons (identifying status as offeror, issuer or other person)) ---------- COMMON STOCK, PAR VALUE $0.001 PER SHARE (Title of Class of Securities) 817498 10 8 (CUSIP Number of Class of Securities) RICHARD R. KRACUM CHAIRMAN WORLDWIDE SPORTS AND RECREATION, INC. C/O WIND POINT PARTNERS 676 NORTH MICHIGAN AVENUE SUITE 3300 CHICAGO, ILLINOIS 60611 TEL: (312) 255-4800 (Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons) COPY TO: STEVEN V. NAPOLITANO, ESQ. KATTEN MUCHIN ZAVIS 525 WEST MONROE SUITE 1600 CHICAGO, ILLINOIS 60661-3693 TEL: (312) 902-5200 CALCULATION OF FILING FEE Transaction valuation* Amount of filing fee* $32,764,831 $6,553 -------------------------------------------------------- * For the purpose of calculating the filing fee only. This calculation assumes the purchase of (i) 2,384,000 shares of Common Stock, par value $0.001 per share ("Shares") at a price per Share of $3.95, (ii) 905,000 Shares which are subject to outstanding options at a price per Share of $3.95 less the exercise price of such options, (iii) 8,513 shares of Series A Preferred Stock, par value $0.001 per share, 8,435 shares of Series B Preferred Stock, par value $0.001 per share, and 8,435 shares of Series C Preferred Stock, par value $0.001 per share, for aggregate consideration of $22,500,000. Except for warrants to purchase 975,000 Shares (which warrants shall at the Effective Time of the Merger become the right to receive $3.95 per Share upon payment by the holders of such warrants of the exercise price for such warrants), such number of Shares, options and preferred shares represent all of the securities of the Subject Company outstanding as of July 19, 2000. The amount of the filing fee, calculated in accordance with Rule 0-11(d) under the Securities Exchange Act of 1934, as amended, equals 1/50 of one percent of the value of the securities of the Subject Company to be purchased. /X/ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $6,553 Filing Party: Sunshine Acquisition, Inc. Form or Registration No.: Schedule TO Date Filed: July 20, 2000 / / Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: /X/ third-party tender offer subject to Rule 14d-1. / / issuer tender offer subject to Rule 13e-4. / / going-private transaction subject to Rule 13e-3. / / amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: /X/ AMENDMENT NO. 3 TO SCHEDULE TO This Amendment No. 3, the final amendment, amends and supplements the Schedule TO filed with the Securities Exchange Commission on July 20, 2000, as amended by Amendment No. 1 to such Schedule filed with the SEC on August 11, 2000 and further amended by Amendment No. 2 to such Schedule filed with the Commission on August 16, 2000 (as so amended, "Schedule TO") by Sunshine Acquisition, Inc., a New York corporation ("Purchaser") and a wholly owned subsidiary of Worldwide Sports and Recreation, Inc., a Delaware corporation ("Parent"), to purchase all of the issued and outstanding shares (the "Shares") of common stock, par value $0.001 per share (the "Common Stock"), of Serengeti Eyewear, Inc., a New York corporation (the "Company"), at a purchase price of $3.95 per Share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 20, 2000 (the "Offer to Purchase"), a copy of which is attached to the Schedule TO as Exhibit (a)(1)(A), and in the related Letter of Transmittal (the "Letter of Transmittal"), a copy of which is attached to the Schedule TO as Exhibit (a)(1)(B) (which, together with the Offer to Purchase, as amended or supplemented from time to time, constitute the "Offer"). Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Offer to Purchase or in the Schedule TO. ITEMS 1 THROUGH 9 AND 11 Items 1 through 9 and 11 of the Schedule TO are hereby amended and supplemented by adding thereto the following: The Offer expired at 11:00 a.m., New York City time, on Thursday, August 17, 2000. Pursuant to the Offer, based upon a report from the Depositary for the Offer, the Purchaser accepted for payment 2,283,914 Shares, representing approximately 95.8% of the outstanding Shares (excluding 24,501 Shares delivered pursuant to guaranteed delivery). On August 17, 2000, Purchaser and Parent issued a press release announcing the closing of the tender offer and the completion of the merger of Purchaser and Company. The full text of the August 17, 2000 press release is attached as Exhibit (a)(1)(J) hereto and incorporated herein by reference. ITEM 12. EXHIBITS. Item 12 of the Schedule TO is hereby amended and supplemented by addition of the following exhibit: (a)(1)(J) Press Release dated August 17, 2000. 2 SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Worldwide Sports and Recreation, Inc. By: /s/ Richard Kracum --------------------------------------- Name: Richard Kracum Title: Chairman Sunshine Acquisition, Inc. By: /s/ Richard Kracum --------------------------------------- Name: Richard Kracum Title: Chairman August 18, 2000 3 EX-99.A 2 ex-99_a.txt EXH 99 (A)(1)(J) WIND POINT PARTNERS 676 N. Michigan Ave., Suite 3300 Chicago, IL 60611 FOR IMMEDIATE RELEASE AUGUST 18, 2000 BUSHNELL SPORTS OPTICS TENDER OFFER FOR SERENGETI EYEWEAR, INC. CLOSES CHICAGO, ILL., AUGUST 18, 2000 - Bushnell Sports Optics, an operating name of Worldwide Sports and Recreation, Inc., today announced that Sunshine Acquisition, Inc., its wholly owned subsidiary, has completed its all-cash tender offer for all of the outstanding shares of common stock of Serengeti Eyewear, Inc. (OTC: SOLR) at $3.95 per share. The tender offer expired at 11:00 AM New York City time on Thursday, August 17, 2000. Bushnell accepted for payment all of the 2,283,914 shares of Serengeti common stock validly tendered and not withdrawn prior to the expiration of the offer which represents approximately 95.8% of the outstanding shares of Serengeti common stock and which does not include the 24,501 shares delivered pursuant to notices of guaranteed delivery. Promptly after the consummation of the tender offer, Bushnell merged Sunshine Acquisition with and into Serengeti. As a result of the merger, Serengeti has become a wholly owned subsidiary of Bushnell and each remaining outstanding share of Serengeti has been converted, subject to appraisal rights, into the right to receive $3.95 in cash, without interest. Bushnell is a global manufacturer and marketer of branded consumer products based in Overland Park, Kansas. Bushnell is a leading supplier of high quality sports optics including binoculars, telescopes, riflescopes, night vision, ski goggles, laser rangefinders, sunglasses and safety glasses marketed under the Bushnell, Bolle, and Bausch & Lomb-Registered Trademark- brand names. Morrow & Co., Inc. (212-754-8000) is acting as the Information Agent for the tender offer. For further information please contact: Richard R. Kracum Chairman Worldwide Sports and Recreation, Inc. Tel: 312-255-4800 ### -----END PRIVACY-ENHANCED MESSAGE-----